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The Blacksmiths' Company derived from the medieval Fraternity of St Eligius (alias Eloy). In 1571, the Company united with the Spurriers' Company and was granted its first charter. Their jurisdiction encompassed not only the blacksmiths' trade but also the manufacture of spurs and the pulling of teeth. In the 1620s, the Company struggled to exercise its powers over the clockmakers who had emerged from its ranks and eventually set out to found their own Company. The Hall stood in Lambeth Hill between 1494 and 1666. It was rebuilt after the Great Fire and the lease was eventually surrendered in 1785.
The Fraternity of St Eligius (alias St Loye) was established in April 1424 by members of the crafts of blacksmiths, farriers and loriners, and its first masters were representatives from each of the founding crafts. All three were by then well established: the loriners had first obtained ordinances in 1260/1, the farriers in 1356 and the blacksmiths in 1372. The ordinances of the Fraternity of St Eligius [in GL Ms 5535] indicate that it was predominantly a social and religious body with less emphasis on trade control. The Fraternity met at Grey Friars (the Franciscan monastery on Newgate Street) on the feast of St John the Baptist, and again at the church of St Thomas Apostle on St Andrew's day. Members were expected to offer a penny on each occasion. There was a 'common box' into which brethren paid 2d per quarter and sisters 1d. Foreigners had to pay 6s 8d to join the brotherhood. Members received the clothing after two years and were exhorted to keep it honestly 'and give it not away'. Impoverished members might receive a weekly allowance, and deaths were marked with a dirge and a mass. New masters and wardens were chosen at a feast on the Sunday following St Eligius' day (1 December). They had power to resolve disputes and correct defaults, and were required to keep accounts and care for the goods of the Fraternity.